The Age of Big Business: A Chronicle of the Captains of IndustryHendrick, Burton Jesse
History
The Age of Big Business: A Chronicle of the Captains of Industry
Hendrick, Burton Jesse
Big business -- United States -- History; Industries -- United States -- History
This substance is such a commonplace element in our lives that we
take it for granted, like air and water and the soil itself; yet the
generation that fought the Civil War knew practically nothing of steel.
They were familiar with this metal only as a curiosity or as a material
used for the finer kinds of cutlery. How many Americans realize that
steel was used even less in 1865 than aluminum is used today? Nearly all
the men who have made the American Steel Age--such as Carnegie, Phipps,
Frick, and Schwab--are still living and some of them are even now
extremely active. Thirty-five years ago steel manufacture was regarded,
even in this country, as an almost exclusively British industry. In
1870 the American steel maker was the parvenu of the trade. American
railroads purchased their first steel rails in England, and the early
American steel makers went to Sheffield for their expert workmen. Yet,
in little more than ten years, American mills were selling agricultural
machinery in that same English town, American rails were displacing the
English product in all parts of the world, American locomotives were
drawing English trains on English railways, and American steel bridges
were spanning the Ganges and the Nile. Indeed, the United States soon
surpassed England. In the year before the World War the United Kingdom
produced 7,500,000 tons of steel a year, while the United States
produced 32,000,000 tons. Since the outbreak of the Great War, the
United States has probably made more steel than all the rest of the
world put together. "The nation that makes the cheapest steel," says Mr.
Carnegie, "has the other nations at its feet." When some future Buckle
analyzes the fundamental facts in the World War, he may possibly find
that steel precipitated it and that steel determined its outcome.
Public-domain text, read in full here on John Shaqi.
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